Star Group (NYSE:SGU) Research Coverage Started at StockNews.com

StockNews.com started coverage on shares of Star Group (NYSE:SGU – Get Rating) in a research note released on Thursday. The brokerage issued a hold rating on the pipeline company’s stock.

Separately, TheStreet raised shares of Star Group from a c+ rating to a b- rating in a report on Tuesday, December 20th.

Star Group Price Performance

Shares of NYSE:SGU opened at $12.51 on Thursday. The company’s 50-day moving average is $12.35 and its 200 day moving average is $10.39. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.60 and a current ratio of 0.82. The company has a market capitalization of $446.36 million, a P/E ratio of 29.09 and a beta of 0.48. Star Group has a fifty-two week low of $8.00 and a fifty-two week high of $13.00.

Star Group (NYSE:SGU – Get Rating) last issued its quarterly earnings results on Wednesday, February 1st. The pipeline company reported $0.33 earnings per share for the quarter. The company had revenue of $648.19 million for the quarter. Star Group had a net margin of 1.58% and a return on equity of 11.64%.

Star Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 31st. Shareholders of record on Monday, January 23rd were issued a dividend of $0.1525 per share. This represents a $0.61 annualized dividend and a yield of 4.88%. The ex-dividend date was Friday, January 20th. Star Group’s dividend payout ratio (DPR) is presently 141.86%.

Institutional Investors Weigh In On Star Group

Institutional investors have recently added to or reduced their stakes in the business. SeaCrest Wealth Management LLC purchased a new stake in Star Group during the second quarter valued at about $73,000. Connor Clark & Lunn Investment Management Ltd. increased its position in shares of Star Group by 158.0% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 30,790 shares of the pipeline company’s stock valued at $250,000 after buying an additional 18,858 shares during the period. Allianz Asset Management GmbH increased its position in shares of Star Group by 30.0% during the third quarter. Allianz Asset Management GmbH now owns 35,004 shares of the pipeline company’s stock valued at $285,000 after buying an additional 8,075 shares during the period. Teacher Retirement System of Texas bought a new stake in shares of Star Group during the third quarter valued at about $145,000. Finally, HM Payson & Co. bought a new stake in shares of Star Group during the third quarter valued at about $89,000. 28.25% of the stock is owned by hedge funds and other institutional investors.

About Star Group

(Get Rating)

Star Group LP engages in the provision and distribution of home heating oil, propane, and related services to residential and commercial customers. It also sells diesel fuel, gasoline, and home heating oil on a delivery only basis. The company was founded on October 16, 1995 and is headquartered in Stamford, CT.